NO. 35


Financial and Banking News

Public Finance

Current Spending To Increase 10.5% In 1995-96 Qatari Budget

The Qatari budget for the fiscal year starting on 1 April 1995 projects a7.7% increase in total expenditure to QR12,735mn ($3,499mn), of which QR10,511mn($2,888mn) are allocated to current spending (up 10.5% on 1994-95) and QR2,224mn($611mn) to capital spending (down 4.2% from 1994-95). Under an Amiri Decreeissued on 24 May to announce the budget, total revenue is...